Malaysia unveils ‘Madani City’, freezes Daim-linked UK assets, and ALPS pushes biotech for all

From urban innovation to biotech transformation, AGN breaks down Malaysia’s biggest moves today

🇲🇾 Malaysia

  • The government announces a 102-acre ‘Madani City’ project in Putrajaya, aimed at housing over 30,000 people using AI and green tech.
  • The MACC secures court approval to freeze £132M (RM758.2M) in UK assets linked to the late Daim Zainuddin’s wife, including luxury properties and accounts.

🌍 International

  • The US and China face renewed tensions as Beijing leverages its rare earth dominance in trade talks.
  • Nearly 70% of rare earth metals crucial to high-tech and defense industries come from China, giving it significant strategic leverage.

🌏 Asia

  • China’s grip on global mineral exports gives Xi Jinping a bargaining chip against Washington, with Trump pushing for tariff compliance and easing tech curbs.

🧬 Alps (Wednesday only)

  • ALPS Global Holding Berhad, valued at USD1.6B, expands affordable access to advanced therapies in Malaysia.
  • Key focus areas: stem cells for diabetes, iPSC for cardiac repair, mRNA vaccines, CAR-T therapies, and global clinical ecosystem development.
  • MIDA’s endorsement positions ALPS as a Southeast Asian leader in biotech.

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